Every month the RBI publishes the Sectoral Deployment of Bank Credit, splitting total bank credit across about 20 sectors (agriculture, industry, housing, vehicles, credit cards, gold loans, lending to NBFCs). TigZig loads it into an interactive tool (Tremor -> India Credit), monthly from December 2022, so you can sort by growth, by share of the total, or by share of new credit added, and download the full reconciled series as CSV.
As of July 2026: non-food bank credit is Rs 219.6 lakh crore, up 19.1% year on year. The mix is the story, and the single biggest contributor to that growth is bank lending to NBFCs: Rs 21.3 lakh crore, up 35.7%, accounting for Rs 5.6 lakh crore of the Rs 35.2 lakh crore the whole book added over the year.
A rule change explains most of that line. The RBI put an extra 25 percentage points of risk weight on bank lending to NBFCs in November 2023 and removed it effective April 2025. Across three Julys that line grew 11%, then 3%, then 36%. So a good part of what reads as a broad credit boom is banks funding non-banks, and a bank's exposure to an NBFC tells you whether the NBFC is paying the bank and nothing about the borrowers underneath it.
One caution on the gold line, because the release shows you only part of it. Loans against gold jewellery are up about 88% to Rs 5.5 lakh crore, and that figure is banks only, and within banks only the retail slice - gold-backed lending booked under agriculture is outside it, and NBFC gold loans are not in this release at all. ICRA sized the whole organised market at roughly Rs 18 lakh crore as of March 2026 (ICRA release, 29 July 2026), and says part of the jump in the bank retail figure is reclassification from agriculture rather than fresh lending.
Tool + full CSV: https://www.tigzig.com/tremor (India Credit). Full analysis with sources: https://www.tigzig.com/post/india-sectoral-credit-jul2026-nbfc-sep2026. Methodology + validation: https://www.tigzig.com/tremor/india-credit-methodology.
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